![]() ![]() The contract win solidifies and diversifies Philly Shipyard’s current order backlog – four National Security Multi-Mission Vessels (NSMV) for Tote Services LLC, which retains its option for a fifth NSMV. If both ships are ordered, then the total contract value of the 2-ship program would be approximately USD 382 million. The initial award is valued at approximately USD 197 million. ![]() Great Lakes retains a right of first refusal on a second ship. (PSI), the sole operating subsidiary of Philly Shipyard ASA (OSE: PHLY), today announced it has won a contract from Great Lakes Dredge & Dock Company, LLC, the nation’s leading dredging company, to construct one Jones Act-compliant Subsea Rock Installation Vessel – the first such ship to enter the U.S. Vessel is the shipyard’s first contract in the U.S.
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